Gift Aid
What is Gift Aid?
This is a government scheme which allows the congregation (as a
registered charity) to reclaim the tax you have already paid on the money
you give in your offering.
How does the Church benefit?
While the basic rate of Income Tax is 20%, the congregation can recover tax
at the rate of 25%.
- Every £1 given becomes £1.25.
- £4 becomes £5.
- £12 becomes £15.
- £20 becomes £25.
- £40 becomes £50.
- £100 becomes £125.
- £500 becomes £625.
- £1,000 becomes £1.250.
If members of the congregation give a total of £50,000 as Gift Aid contributions, the tax refund will increase this to £62,500.
If members of the congregation give a total of £100,000 as Gift Aid contributions, the tax refund will increase this to £125,000.
Who can give through Gift Aid?
Anyone who pays Income Tax or Capital Gains Tax.
You must pay an amount of tax in the tax year which is at least equal to the tax which the congregation reclaims on your offering.
How can I give?
Give your offering using Weekly Offering Envelopes, or by Bank Standing Order, or by Cheque – to provide the Church with the necessary record of your giving. You do not need to promise to give a particular amount, or to give for a specified period of time. You can cancel your Gift Aid Declaration at any time.
Giving your offering as a Gift Aid contribution increases the value of your offering.
What is required?
Anyone wishing to join the scheme requires to sign a Gift Aid Declaration form. Please complete the form and return to Stewart Rogerson c/o St Nicholas Parish Church, 209 Main Street, Prestwick KA9 1LH.
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